Shareholder plans Rule 144 sale of Regal Rexnord (RRX) stock worth $1.67M
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
Regal Rexnord Corporation shareholder files a notice to sell common stock under Rule 144. The notice covers 7,704 common shares to be sold through Fidelity Brokerage Services on the NYSE, with an aggregate market value of $1,669,586.42 and 66,389,673 shares outstanding.
The shares were acquired as equity compensation from the issuer, including 5,711 shares from restricted stock vesting on 02/23/2024 and 1,993 shares from stock appreciation rights on 11/07/2024, both paid as compensation rather than cash purchases.
Positive
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Negative
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FAQ
What does the Form 144 filing mean for Regal Rexnord (RRX)?
The Form 144 indicates a shareholder plans to sell 7,704 Regal Rexnord common shares under Rule 144. It is a notice of a potential resale of restricted or control securities, not a new share issuance by the company.
Who is the broker for this Regal Rexnord (RRX) Form 144 sale?
The Form 144 identifies Fidelity Brokerage Services LLC, located at 900 Salem Street, Smithfield, RI 02917, as the broker handling the planned sale of the 7,704 Regal Rexnord common shares on the NYSE.